This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $126k initial cash invested.
-2.53%
Cash On Cash
6.32%
Cap Rate
0.98
DSCR
$5,046
Rent
-$266
Cashflow
Cash Flow
$5,046 income − $5,312 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,154
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,046
Total Expenses
$5,312
Mortgage P&I
55%
$2,778
Property Taxes
13%
$636
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555